On 30 June 2018, the Statement of Financial Position of Topaz Ltd showed the following non-current asset after charging depreciation: Equipment 550,000 Accumulated Depreciation (350,000) 200,000 As of 30 June 2018, the company decided to adopt the revaluation method for equipment. Therefore, on 30 June 2018, an independent valuer assessed the fair value of the equipment to be $220,000 with a remaining useful life of 5 years. On 30 June 2019, the equipment was revalued again to its fair value of $145,000 with remaining useful life of 4 years. The income tax rate is 30% and the company uses straight-line depreciation for all property, plant and equipment. Required: Prepare all necessary entries related to the equipment from 30 June 2018 to 30 June 2019.(Journal)